Stanley Laman Group Ltd. Invests $243,000 in Quaker Chemical Corp (KWR) Stock

Stanley Laman Group Ltd. bought a new position in shares of Quaker Chemical Corp (NYSE:KWR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,200 shares of the specialty chemicals company’s stock, valued at approximately $243,000.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Quaker Chemical by 7.2% during the second quarter. BlackRock Inc. now owns 1,810,056 shares of the specialty chemicals company’s stock worth $280,323,000 after buying an additional 120,989 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Quaker Chemical by 22,999.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 821,411 shares of the specialty chemicals company’s stock valued at $520,000 after purchasing an additional 817,855 shares during the last quarter. Standard Life Aberdeen plc lifted its holdings in shares of Quaker Chemical by 5.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 363,345 shares of the specialty chemicals company’s stock valued at $56,306,000 after purchasing an additional 19,711 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Quaker Chemical by 11.2% during the 2nd quarter. Macquarie Group Ltd. now owns 275,731 shares of the specialty chemicals company’s stock valued at $42,702,000 after purchasing an additional 27,824 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Quaker Chemical by 1.5% during the 2nd quarter. Wells Fargo & Company MN now owns 210,842 shares of the specialty chemicals company’s stock valued at $32,654,000 after purchasing an additional 3,149 shares during the last quarter. Institutional investors own 93.71% of the company’s stock.

Several brokerages have recently commented on KWR. Zacks Investment Research lowered Quaker Chemical from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 9th. B. Riley set a $170.00 price objective on Quaker Chemical and gave the company a “hold” rating in a report on Tuesday, July 31st. Janney Montgomery Scott began coverage on Quaker Chemical in a report on Friday, July 13th. They set a “neutral” rating and a $170.00 price objective for the company. Finally, Sidoti increased their price objective on Quaker Chemical from $151.00 to $176.00 and gave the company a “neutral” rating in a report on Wednesday, October 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Quaker Chemical presently has a consensus rating of “Hold” and a consensus price target of $179.40.



Shares of KWR opened at $179.42 on Wednesday. Quaker Chemical Corp has a 12 month low of $137.95 and a 12 month high of $204.49. The company has a quick ratio of 2.15, a current ratio of 2.78 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.37 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 2.67 and a beta of 1.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 17th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $1.48 annualized dividend and a dividend yield of 0.82%. Quaker Chemical’s dividend payout ratio is presently 29.54%.

In related news, Director Donald R. Caldwell sold 521 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $177.24, for a total value of $92,342.04. Following the completion of the transaction, the director now owns 5,345 shares in the company, valued at approximately $947,347.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jan Nieman sold 1,243 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $170.00, for a total value of $211,310.00. Following the completion of the transaction, the vice president now owns 3,513 shares of the company’s stock, valued at approximately $597,210. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,983 shares of company stock valued at $1,394,889. Company insiders own 3.20% of the company’s stock.

About Quaker Chemical

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. Its products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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Institutional Ownership by Quarter for Quaker Chemical (NYSE:KWR)

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